Sage Mountain Advisors LLC Purchases New Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Sage Mountain Advisors LLC purchased a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,632 shares of the insurance provider’s stock, valued at approximately $235,000.

Other institutional investors also recently added to or reduced their stakes in the company. Oak Thistle LLC grew its position in Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock valued at $1,232,000 after buying an additional 5,485 shares during the period. World Investment Advisors LLC bought a new position in Cincinnati Financial during the third quarter worth about $546,000. JPMorgan Chase & Co. boosted its position in Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after purchasing an additional 147,542 shares during the period. Principal Financial Group Inc. boosted its position in Cincinnati Financial by 2.7% during the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after purchasing an additional 5,097 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its position in Cincinnati Financial by 25.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock worth $50,652,000 after purchasing an additional 70,408 shares during the period. Institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

CINF has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Roth Mkm increased their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Trading Down 0.1 %

Shares of CINF opened at $139.96 on Thursday. The firm’s 50 day simple moving average is $139.31 and its 200 day simple moving average is $141.90. The company has a market capitalization of $21.91 billion, a P/E ratio of 9.64, a P/E/G ratio of 8.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.49%. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.